Nigerian fintech company focused on mobile payments and financial services, aiming to expand its operations in Kenya.
“In 2026, with fraud no longer a major distraction, fintechs will return to massive growth and innovation.” – Adedeji Olowe
The Central Bank of Nigeria's regulatory interventions have reduced fraud, allowing fintechs to focus on growth. The market for fintech in Nigeria is projected to double this year due to renewed consumer trust.
Kuda MFB to expand experience centres after national licence upgrade
Kuda Microfinance Bank received a national banking license from the Central Bank of Nigeria. The new license allows Kuda to expand its physical footprint beyond its previous geographic restrictions.
Nearly 40% of African startup funding now comes from local investors
African investors accounted for nearly 40% of total startup funding in 2023, up from 25%. Local fund managers have maintained a steady level of investment, indicating a maturing investment base.
Nigeria posts lowest funding share among Africa’s big four as startups raise $3.8bn in 2025
Nigeria's funding share dropped to 8% in 2025, the lowest since 2019. South Africa, Kenya, and Egypt outperformed Nigeria in total funding share.
What’s next for African fintech? 5 fintech leaders share their expectations for 2026
Moniepoint closed its Series C round, securing fresh capital for growth and market expansion. A fintech passporting agreement between Ghana and Rwanda was established, promoting cross-border collaboration.
